Brokerages Set Atlas Energy Solutions Inc. (NYSE:AESI) PT at $19.11

Atlas Energy Solutions Inc. (NYSE:AESI) has earned a consensus rating of “Hold” from the eleven brokerages that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $19.1111.

A number of analysts have weighed in on the company. Piper Sandler reaffirmed a “neutral” rating and issued a $16.00 price target on shares of Atlas Energy Solutions in a research report on Tuesday, July 15th. Royal Bank Of Canada cut their price objective on Atlas Energy Solutions from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. Citigroup cut their price objective on Atlas Energy Solutions from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Finally, Stifel Nicolaus cut their price objective on Atlas Energy Solutions from $15.00 to $14.50 and set a “buy” rating for the company in a research report on Wednesday, July 16th.

Insider Activity

In other news, Director Douglas G. Rogers purchased 7,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were purchased at an average cost of $13.27 per share, for a total transaction of $92,890.00. Following the completion of the purchase, the director directly owned 10,000 shares of the company’s stock, valued at approximately $132,700. The trade was a 233.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Ben M. Brigham purchased 9,635 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were purchased at an average price of $13.38 per share, for a total transaction of $128,916.30. Following the completion of the purchase, the chairman directly owned 572,397 shares of the company’s stock, valued at approximately $7,658,671.86. This trade represents a 1.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 15.98% of the company’s stock.

Hedge Funds Weigh In On Atlas Energy Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Atlas Energy Solutions by 16.5% in the 1st quarter. Vanguard Group Inc. now owns 8,054,677 shares of the company’s stock valued at $143,695,000 after purchasing an additional 1,139,352 shares during the period. First Trust Advisors LP grew its stake in shares of Atlas Energy Solutions by 31.5% in the 4th quarter. First Trust Advisors LP now owns 3,908,810 shares of the company’s stock valued at $86,697,000 after purchasing an additional 935,410 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Atlas Energy Solutions by 25.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,390,269 shares of the company’s stock valued at $75,197,000 after purchasing an additional 689,846 shares during the period. Cooke & Bieler LP grew its stake in shares of Atlas Energy Solutions by 23.8% in the 2nd quarter. Cooke & Bieler LP now owns 3,219,440 shares of the company’s stock valued at $43,044,000 after purchasing an additional 619,347 shares during the period. Finally, Copeland Capital Management LLC grew its stake in shares of Atlas Energy Solutions by 42.5% in the 1st quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company’s stock valued at $57,152,000 after purchasing an additional 955,818 shares during the period. 34.59% of the stock is currently owned by institutional investors.

Atlas Energy Solutions Price Performance

Shares of NYSE:AESI opened at $11.73 on Wednesday. Atlas Energy Solutions has a fifty-two week low of $11.60 and a fifty-two week high of $26.86. The business has a 50-day moving average of $13.60 and a two-hundred day moving average of $15.87. The stock has a market capitalization of $1.45 billion, a P/E ratio of 83.79 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.40.

Atlas Energy Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.5%. The ex-dividend date is Thursday, August 14th. Atlas Energy Solutions’s payout ratio is currently 714.29%.

Atlas Energy Solutions Company Profile

Atlas Energy Solutions Inc engages in the production, processing, and sale of mesh and sand that are used as a proppant during the well completion process in the Permian Basin of Texas and New Mexico. The company provides transportation and logistics, storage solutions, and contract labor services. It sells its products and services to oil and natural gas exploration and production companies, and oilfield services companies.